News articles about Agree Realty (NYSE:ADC) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Agree Realty earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 47.4442881166668 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Agree Realty (NYSE ADC) opened at $48.20 on Tuesday. The firm has a market capitalization of $1,410.00, a P/E ratio of 23.51, a P/E/G ratio of 3.39 and a beta of 0.56. Agree Realty has a 12-month low of $44.28 and a 12-month high of $53.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.63 and a quick ratio of 1.63.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 20th were given a $0.52 dividend. This is an increase from Agree Realty’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, December 19th. This represents a $2.08 dividend on an annualized basis and a yield of 4.32%. Agree Realty’s payout ratio is presently 101.46%.

A number of analysts have recently issued reports on ADC shares. Zacks Investment Research upgraded Agree Realty from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, October 25th. ValuEngine upgraded Agree Realty from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Wells Fargo & Co upgraded Agree Realty from a “market perform” rating to an “outperform” rating and set a $56.00 price target for the company in a research report on Tuesday, December 19th. Jefferies Group set a $51.00 price target on Agree Realty and gave the company a “hold” rating in a research report on Friday, December 15th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Agree Realty in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $54.67.

In other news, CFO Clayton R. Thelen bought 1,010 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of $49.56 per share, for a total transaction of $50,055.60. Following the transaction, the chief financial officer now directly owns 5,073 shares of the company’s stock, valued at approximately $251,417.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Rakolta, Jr. bought 3,300 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of $49.67 per share, with a total value of $163,911.00. The disclosure for this purchase can be found here. Insiders own 4.40% of the company’s stock.

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About Agree Realty

Agree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership). As of December 31, 2016, its portfolio consisted of 366 properties located in 43 states and totaling approximately seven million square feet of gross leasable area (GLA).

Insider Buying and Selling by Quarter for Agree Realty (NYSE:ADC)

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